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ModSolar, One of the Rising Stars of the Solar Industry, Moves into New Center City Philadelphia Headquarters

Philadelphia, Pennsylvania – February 26, 2015 – One of the rising stars of the solar industry, ModSolar, which is changing the solar industry by creating technology solutions for the solar professional, has moved their headquarters into Center City Philadelphia.

ModSolar has moved into the fourth floor of the Belmont Building, at 211 North 13th Street in Philadelphia.  The company will occupy the entire floor, 9,500 square feet, which is more than five times as large as their previous offices in Ardmore (1,800 square feet).

“We’ve come a long way since the birth of ModSolar in early 2011 from an office in my home, then a small office in Malvern, to our office in Ardmore and now our move into Center City Philadelphia,” said Mike Dershowitz, Founder and Chief Executive Officer of ModSolar

“Moving into Philadelphia amid the growing technology start-up scene is a direct result of our continuing growth in employees, customers and revenues over the past three years,” Dershowitz said.  “We are looking to hire more people this year and being in Philadelphia will be a great advantage in finding new people to join our team.”

ModSolar’s software enables solar providers to produce solar proposals and contracts in less than five minutes, including the company’s patent-pending software that enables placement of panels on an image of the prospect’s roof, as well as the calculation of the return on the solar investment. ModSolar develops software that dramatically reduces the “soft costs” involved in solar sales, solar system design, production of high-quality solar proposals, and all the paperwork surrounding solar installations. 

The job growth in the solar industry nationwide is over 170,000 jobs in the past two years, and is expected to continue in the near term.  ModSolar has grown from two employees in 2011 to over two dozen as of February 15th.  The company’s move into Center City Philadelphia will enable ModSolar to add several more employees this year in Philadelphia, as well as support the company’s growth in International markets including England and Germany.

“Prior to 2014, we were doubling our revenue every year,” said Dershowitz.  “Our revenue in 2014 was 200 percent of our revenue in 2013, and we are projecting the same percentage growth again in 2015.  We are adding more products and services for our customers, and we are adding some new team members in other countries, as well, with increased opportunities to grow ModSolar’s reach in the United States and internationally as the solar industry continues to gain prominence.  And we continue to grow without any outside financing.  Pretty good for a company we started with a $3,500 cash advance on my credit card.”

Currently, close to $40 million per day in solar contracts are being generated through ModSolar’s software platform, representing an estimated five percent of the solar market in the United States. Thousands of ModSolar users produce over 3,000 solar proposals each week.  ModSolar’s corporate clients are major players in the solar industry including SunEdison, Enphase Energy, GAF, Kyocera and Astrum Solar.

ModSolar’s new office is located at 211 North 13th Street, Fourth Floor, Philadelphia, PA 19107.  The telephone number remains the same:  610-572-2555.

About ModSolar:

ModSolar’s software lets solar providers produce solar proposals and contracts in less than five minutes, including placement of panels on an image of the prospect’s roof, as well as calculation of the return on the solar investment.  ModSolar develops software that dramatically reduces the “soft costs” involved in solar sales, solar system design, production of high-quality solar proposals, and the related paperwork surrounding solar installations.  Thousands of ModSolar users currently produce over 3,000 solar proposals each week.  Additional information is available on ModSolar’s website at http://www.ModSolar.net, on the company’s Facebook page at https://www.facebook.com/modsolarllc, and by following the company on Twitter at https://twitter.com/TheModSolar, as well as on ModSolar’s LinkedIn page and on Google+.

Media Contact: Jim DeLorenzo, Jim DeLorenzo Public Relations, 215-266-5943, jim@jhdenterprises.com